Exelon Stock Price, News & Analysis

Constellation (NASDAQ: CEG) announces its commitment to National Volunteer Month with over 50 service events planned across 12 states. Employees will collectively contribute nearly 1,000 service hours, engaging in projects such as building homes for low-income families, food distribution, and environmental clean-ups. CEO Joe Dominguez highlighted the importance of community service in enhancing quality of life. In 2021, Constellation volunteers provided more than 62,000 hours of service. As the largest producer of carbon-free energy in the U.S., Constellation aims for 100% greenhouse gas emissions reduction.

ComEd, a unit of Exelon Corporation, encourages customers in Illinois facing financial difficulties to explore available bill-assistance options. The company is enhancing support services, including the Low Income Home Energy Assistance Program (LIHEAP) and its Supplemental Arrearage Reduction Program (SARP), to help eligible residents. ComEd also offers flexible payment programs such as deferred payment arrangements and budget billing to ease financial strains. The Smart Assistance Manager tool was launched to streamline access to financial assistance and energy-saving options.

Constellation has rebranded its Maryland home services division, previously known as BGE HOME, to Constellation Home, following its separation from Exelon on February 1, 2022. The rebranding includes new logos and colors which will be gradually introduced over the coming months, ensuring continuity for customers. Constellation Home, a top service provider in Maryland, aims to deliver reliable energy solutions, managing energy usage for customers and supporting a transition to carbon-free energy. The company expects to serve up to 1,000 homes daily.

Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation are set to host the fifth annual Exelon Foundation STEM Leadership Academy, empowering young women in grades 10 and 11 to combat climate change. Taking place in Philadelphia, Baltimore, and Chicago between July 10 and August 5, 2022, the program includes hands-on STEM activities and an Energy Innovation Challenge. Additionally, Exelon is launching a scholarship to support Academy alumnae in college, aiming to bridge racial and gender gaps in STEM careers.

ComEd has launched the Gar Creek community solar project in Kankakee County, Illinois, providing low to moderate-income customers access to solar energy and potential savings of up to $1,000 annually. The project, developed with Fosler Solar and Trajectory Energy Partners, will serve up to 600 customers and is part of ComEd's 'Give-A-Ray' program. ComEd will cover all subscription fees, enabling participation without installation costs. The project aims to enhance clean energy access in low-income neighborhoods and is supported by Illinois Solar for All incentives.

ComEd employees are set to raise $100,000 during the Chicago Polar Plunge on March 6, aimed at supporting athletes with physical and intellectual disabilities. This initiative has raised nearly $2 million over more than a decade. The ComEd Coolers team, led by CEO Gil Quiniones, remains one of the top fundraising teams, participating for 11 years. The funds will benefit year-round sports programs for over 4 million customers in Chicago, with a significant number living at or below the poverty line.

ComEd has submitted a $1.7 billion energy efficiency plan to the Illinois Commerce Commission for 2022-2025, aiming to enhance energy-saving programs for customers. The plan supports income-eligible customers, allocating over $113 million yearly to these initiatives, exceeding state requirements. It also focuses on electrification strategies with $10 million annually dedicated to income-eligible electrification measures. Since 2008, ComEd’s programs have reportedly saved customers over $6 billion on energy bills.

ComEd has launched the Smart Assistance Manager (SAM), an online tool helping residential customers access financial assistance and manage electric bills. SAM tailors support options based on household data, allowing users to see programs like LIHEAP and PIPP. Customers can also access recommendations for energy efficiency programs. In addition, ComEd has eliminated late fees for eligible low-income customers and introduced new payment options including PayPal.